Rockefeller Capital Management L.P. Acquires 43,757 Shares of Barrick Mining Corporation $B

Rockefeller Capital Management L.P. boosted its stake in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 8.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 540,000 shares of the gold and copper producer’s stock after buying an additional 43,757 shares during the period. Rockefeller Capital Management L.P.’s holdings in Barrick Mining were worth $23,517,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Capital International Investors lifted its stake in shares of Barrick Mining by 35.9% during the 3rd quarter. Capital International Investors now owns 101,846,588 shares of the gold and copper producer’s stock worth $3,340,709,000 after purchasing an additional 26,921,219 shares during the last quarter. FIL Ltd grew its stake in Barrick Mining by 85.3% in the fourth quarter. FIL Ltd now owns 30,099,422 shares of the gold and copper producer’s stock valued at $1,311,169,000 after purchasing an additional 13,853,587 shares during the last quarter. Van ECK Associates Corp grew its stake in Barrick Mining by 22.8% in the fourth quarter. Van ECK Associates Corp now owns 55,423,240 shares of the gold and copper producer’s stock valued at $2,413,699,000 after purchasing an additional 10,287,544 shares during the last quarter. Ameriprise Financial Inc. bought a new position in Barrick Mining in the second quarter worth about $211,263,000. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Barrick Mining during the second quarter valued at about $172,230,000. Institutional investors own 90.82% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on B. Barclays started coverage on shares of Barrick Mining in a research report on Thursday, May 21st. They issued an “equal weight” rating and a $41.00 price objective on the stock. Weiss Ratings cut shares of Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. ATB Cormark Capital Markets downgraded shares of Barrick Mining from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Canadian Imperial Bank of Commerce cut their price target on shares of Barrick Mining to $63.00 and set an “outperformer” rating on the stock in a report on Tuesday, April 21st. Finally, UBS Group upped their price target on Barrick Mining from $50.00 to $54.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $53.46.

Barrick Mining Stock Down 0.5%

NYSE:B opened at $40.16 on Tuesday. The firm has a market capitalization of $66.80 billion, a P/E ratio of 11.09, a PEG ratio of 1.15 and a beta of 0.43. Barrick Mining Corporation has a 1-year low of $20.35 and a 1-year high of $54.69. The company’s fifty day moving average price is $41.43 and its 200-day moving average price is $43.88. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.06 and a quick ratio of 2.44.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its earnings results on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.18. Barrick Mining had a net margin of 32.14% and a return on equity of 14.81%. The company had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.75 billion. Barrick Mining’s quarterly revenue was up 66.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Barrick Mining Corporation will post 3.78 EPS for the current year.

Barrick Mining Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were issued a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, May 29th. Barrick Mining’s payout ratio is 19.34%.

Barrick Mining Company Profile

Barrick Gold Corporation, commonly known as Barrick, is a Toronto‑headquartered mining company focused on the exploration, development, production and sale of gold and copper. Listed on major exchanges (including the New York Stock Exchange under the symbol B), Barrick operates as an integrated minerals producer, running large‑scale mining complexes, processing facilities and related support services for extraction and metallurgical treatment of ore.

The company’s activities span the full mining value chain: greenfield exploration, feasibility and permitting, mine construction, ongoing operations, and closure and reclamation.